Every day, the government quietly collects
$13,698,630 on behalf of former homeowners
who have defaulted on their property taxes
through a "Tax Sale" or "Tax Auction".
Basically, the government holds an auction
to sell off properties on which the owner
hasn’t paid taxes for a few years.
Investors go to these auctions to bid and
the property goes to the highest bidder.
The amounts vary but often end up around
70% or so of the value.
The money from the investor pays off the
tax lien but there is almost always money
left over.
A lot of money!
Here’s a simple example: Let’s say someone
didn’t pay taxes for 3 years and that they
owed roughly $22,000 in back taxes and
penalties on a $200,000 property.
The property goes to auction and an investor
“steals” it for $100,000.
With me so far?
The government uses $22,000 to pay off the
tax due leaving and excess of $78,000.
The answer to that question might make
your blood boil BUT it also presents a
HUGE opportunity for you to make a lot
of money WHILE helping people who
really need the money.
It has made my attorney friend and many
other investors millions and millions of
dollars.
To learn more, we cover this in detail
you can make huge finder's fees by
connecting these excess funds the
government is hoarding with their
rightful owners.
(Note: you do NOT need to be an
attorney or need a license to do this.)
Good Investing,
Frank Chen
PS - I didn't believe this at first either,
but once you see the proof, and the
kind of payouts some investors are
getting... you'll definitely want to add
this to your portfolio.